Rachel Reeves, Labour’s chancellor, is set to deliver the party’s first Budget in 15 years on 30 October, as speculation grows over the measures that could be included. The fiscal announcement comes in the context of a £22bn public spending deficit, which Reeves highlighted in July. Prime Minister Sir Keir Starmer has warned that the Budget will be “painful” but necessary given the current economic situation. Tax increases and potential spending cuts are expected, though there is a firm commitment not to raise income tax, national insurance, or VAT. This leaves the chancellor searching for alt…